From Investing.com: 2024-05-15 15:30:38

The Cosmos community approved a $1 million grant for Dora Factory and DoraHacks for ten rounds of Quadratic Funding in the ecosystem. This marked the first native Quadratic Funding in the Cosmos Hub’s history, receiving overwhelming support and a 91.9% approval rate from voters.

Dora Factory announced the launch of the second AEZ (ATOM Economic Zone) quadratic funding program, spanning two years from May 15, 2024, to May 2026. This initiative aims to support high-quality early-stage projects and public goods within the Cosmos ecosystem using native-token donations.

Dora Factory, a decentralised governance infrastructure backed by DoraHacks, introduced Public Good Staking and has successfully deployed native quadratic funding in various crypto ecosystems. They aim to explore funding solutions for cutting-edge fields like space technology and artificial intelligence using cryptocurrency.

A new privacy technology called aMACI was launched by Dora Factory to enhance on-chain public goods governance. This technology focuses on voter anonymity to prevent collusion in voting processes, improving privacy and reducing misuse in decentralized voting systems.

Dora Factory secured strategic financing from dao5, Whampoa Digital, and angel investors to continue developing Public Good Staking and Vota ecosystem. As they explore new solutions to funding inefficiencies, they aim to accelerate governance and public goods funding maturity in the multi-chain ecosystem.

Read more at Investing.com: Cosmos Hub Approves $1 Million Grant to Dora Factory for Quadratic Funding Initiative By Chainwire